November 2021 | ISSUE No. 350 | USRCC Business Newsletter
USRCC Upcoming Events
USRCC’s Standardization Conference is a specialized technical conference that addresses common issues and challenges of standardization, certification and conformity assessment. 

USRCC in partnership with the Russian Union of Industrialists and Entrepreneurs (RSPP) and its Committee for Industrial Policy and Technical Regulation, invites you to attend the 4th Standardization Conference to discuss the requirements for the production and certification of hydrogen pipes.
The following questions to be discussed during the Conference:
  • Requirements for hydrogen pipes production;
  • Requirements on special pipes and pipelines for the hydrogen transportation;
  • Hydrogen pipes certification;
  • Existing standards and standards development for hydrogen pipes; and other related questions.
Tuesday, December 14th, 2021
9:00 am– 10:30 am CST (Houston) | 18:00 – 19:30 (Moscow)
Cost: complimentary
Simultaneous translation into Russian language is included.

Registration deadline: COB Monday, December 13th, 2021.
Webinar details will be provided upon registration.


Deputy Co-Chairman,
Russian Union of Industrialists and Entrepreneurs, 
Committee of Industrial Policy
and Technical Regulation

To read the full bio click here

Senior Director,
Standards Development, 
American Petroleum Institute 

To read the full bio
click here

Derivative Programs, 
Conformity Assessment, 

To read the full bio
click here

Managing Director, 
Engineering Programs, 
USRCC Partner Event
Back in the U.S. for the first time in over 30 years, the 23rd World Petroleum Congress makes its return to the energy capital with participation from renowned global industry leaders, ministers, and expert speakers. Make your mark at the Congress and be part of the beginning of what’s next. 

Receive Access to the:
–Technical and Strategic Program
– Exhibition Floor
– Opening Ceremony
– Houston, USA Night
– Exclusive Alex Epstein and Robert Bryce 
meet and greet (Limited space available)
USRCC Membership
Are you taking advantage
of your USRCC Member Benefits?

The U.S.-Russia Chamber of Commerce provides a variety of Membership options to fit your business needs and goals. Renew your membership or join for the first time today!

For more information click here.
Member's News
Notice of General Meeting – Shell Seeks Shareholder Approval to Change Articles to Implement a Simplified Structure, November 15, 2021: The Board of Royal Dutch Shell plc (Shell) today announced a proposal to simplify the company’s share structure to increase the speed and flexibility of capital and portfolio actions. The simplification is designed to strengthen Shell’s competitiveness and accelerate both shareholder distributions and the delivery of its strategy to become a net-zero emissions business. Read more...
Strategic Cooperation Between Gazprom and ENGIE Underpinned by Long-term Contracts, November 16, 2021: A working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Jean-Pierre Clamadieu, Chairman of the Board of Directors of ENGIE, and Catherine MacGregor, Chief Executive Officer of ENGIE, took place today via a conference call. It was noted that Russia has been a reliable supplier of gas to France for as many as 45 years, with exports over this period surpassing 427 billion cubic meters in total. Read more...
Head of LUKOIL Visits Kazakhstan, November 16, 2021: President of the Republic of Kazakhstan Kassym-Jomart Toka​yev met with President of LUKOIL Vagit Alekperov in the city of Nur-Sultan, today. The parties discussed LUKOIL's progress in projects in Kazakhstan and plans for the future cooperation. During his business trip to Kazakhstan, Vagit Alekperov also had meetings with Prime Minister Askar Mamin, Minister of Energy Magzum Mirzagaliev, Chairman of the Management Board of KazMunayGas National Company Alik Aidarbayev and Chairman of the Management Board of KazTransGas Kairat Sharipbayev. Read more...
AIQ and Baker Hughes Partner to Develop Advanced Analytics Solutions for the Oil and Gas Industry, November 18, 2021: AIQ, the Abu Dhabi National Oil Company’s (ADNOC) artificial intelligence (AI) joint venture with Group 42 (G42), and Baker Hughes, an energy technology company, announced today a strategic collaboration agreement to develop advanced analytics solutions for the global oil and gas industry. Read more...
USRCC Announcement

The USRCC is looking for new team members!

Volunteers play a key role and the contributions they make impact the day-to-day functions of the chamber and shape the future of the relationship between Russia and the U.S.

There are many ways you can get involved with the USRCC. Whether you are an experienced leader or a student, there is a place for you. By volunteering, you can be at the very center of our high-profile events held in Houston, Chicago and New York City and interact with influential leaders in the U.S.-Russia trade and investment.
To learn more about the position 
or contact us directly at  
call 713.429.4680
This Week in Review
Energy Ministry Works on Fuel Price Damper Changes for 2022, November 17, 2021: The Energy Ministry is analyzing the reasons behind possible adjustment of the damper mechanism to cushion the fuel prices, and is calculating possible changes in 2022, the authority said in a statement on Wednesday. “Currently, the ministry is analyzing the reasons and calculating possible options for amending the damper for the automobile gasoline and for diesel fuel from January 1, 2022, taking into account the planned changes of excises and indexation of the baseline cut-off price in the damper’s formula,” the statement read. Read more...
The Russian Economy Grew 4.3% y/y During the Third Quarter, but the Post-Coronavirus Recovery is Almost Over, November 18, 2021: The Russian economy grew 4.3% y/y during the third quarter, but the post-coronavirus recovery is almost over. The result was close to Sova Capital’s expectation (+4.2% year on year) but below Bloomberg consensus (+4.5% y/y), according to RosStat’s preliminary GDP growth estimate for 3Q21 released on November 17. Read more...
API Updates GHG Emissions Compendium, November 16, 2021: The American Petroleum Institute (API) has revealed that it has updated its compendium of greenhouse gas (GHG) emissions methodologies for the natural gas and oil industry. The latest iteration, which is the fourth edition of the compendium and the first update since 2009, includes expanded methodologies for liquefied natural gas, as well as carbon capture, use and storage, the API notes. Read more...
Russia Joins OPEC Pushback on U.S. Calls for More Oil Output, November 15, 2021: Russia says there is no shortage of oil in the global market and there may even be a surplus from early next year, adding to the chorus of other OPEC+ members to push back against calls from the U.S. to raise output faster.
“Inventories have stopped drawing, which shows there is no deficit at the moment,” Russia’s Deputy Energy Minister Pavel Sorokin told Bloomberg TV Monday in an interview on the sidelines of the Adipec oil and gas conference. Read more...
Issue of Sputnik V's Recognition by WHO to be Resolved in Near Future - RDIF CEO, November 18, 2021: The issue of recognition of the Russian Sputnik V coronavirus vaccine by the World Health Organization (WHO) is expected to be resolved soon, precisely in the next few months, Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev said. "Everything will be resolved with the WHO literally in the near future. [...] So far there are a few bureaucratic steps left to go through in the next few months," Dmitriev said during a meeting on the Bell.Club Live platform. Read more...
Russia's Roscosmos, NASA to Renew Agreement on Space Flight Seats - Ifax, November 17, 2021: Russia's space agency Roscosmos and NASA are set to renew an agreement on the mutual provision of seats on space flights, the Interfax news agency reported on Wednesday. Read more...
Russian Investment in US Government Securities Down to $3.9 bln in September, November 17, 2021: Russia’s investments in US government securities decreased to $3.918 bln in September compared with the previous month, according to the files released by the US Department of the Treasury. In August and July such investments were estimated at $4.004 bln and $4.006 bln, respectively. Long-term bonds amounted to $204 mln in September ($203 mln in August), whereas short-term bonds equaled $3.7 bln ($3.8 bln). Read more...
CIS Business News
Belarus Seeks to Increase Trade with Azerbaijan, November 19, 2021: Belarusian Economy Minister Aleksandr Chervyakov met with Azerbaijan's Ambassador to Belarus Ulvi Bakhshaliyev on 18 November. The parties discussed a wide range of issues, BelTA learned from the Belarusian Economy Ministry. The parties talked over in detail the situation with mutual trade and focused on the ways to increase it. Read more...
World Bank to Support Kazakhstan on its Path to Decarbonization and Carbon Neutrality, Says World Bank VP for Europe and Central Asia, November 19, 2021: World Bank Vice President for Europe and Central Asia Anna Bjerde paid a working visit to Kazakhstan to discuss the investment policy issues to achieve carbon neutrality with the government. According to the Kazakh Prime Minister’s Office, more than 55 projects worth $8 billion have been implemented in finance, infrastructure, housing and communal services, energy, small and medium-sized businesses, agribusiness and IT sector over the three decades of Kazakhstan’s cooperation with the World Bank. Read more...
Azerbaijani, Russian Agencies Ink MoU to Expand Economic Co-op, November 17, 2021: Azerbaijan's Agency for Small and Medium-sized Business Development and the Russian Export Center has signed a memorandum of understanding. The memorandum was signed by the Agency's Board Chairman Orkhan Mammadov and the Center's Director-General Veronika Nikishina during a business mission of Russian companies for the development of the “smart city” urban infrastructure in Baku, on November 17. Read more...
US-Russia Related News in Russian
◾ Новости недели
"Газпром" Вернул Себе Лидерство в Рейтинге Крупнейших Компаний России, Ноябрь 18, 2021: "Газпром" в новом рейтинге РБК 500 снова занял первое место, которое год назад уступил компании "Роснефть". "Вообще состав топ-5 компаний рейтинга ни разу не менялся за время его существования: неизменно эти места с редкими перестановками занимают "Газпром", "Роснефть", ЛУКОЙЛ, Сбербанк и РЖД", — пишет издание. Читать далее...
Госдума Предоставила «Газпромнефти» Вычет по НДПИ для Приобского Месторождения, Ноябрь 18, 2021: Госдума приняла в окончательном, третьем чтении законопроект, согласно которому «Газпромнефть» может получить налоговый вычет по НДПИ при добыче нефти в ХМАО в размере до 833 млн руб. в месяц с 1 января 2022 года. Поправки вносятся в Налоговый кодекс. Максимальная сумма вычета — 99,96 млрд руб. Читать далее...
«Роснефть» и BP Открыли Крупное Газовое Месторождение на Таймыре, Ноябрь 16, 2021: Совместное предприятие (СП) «Роснефти» и британской BP «Ермак нефтегаз» открыло новое крупное газоконденсатное месторождение на Таймыре. Это подтвердила Госкомиссия по запасам полезных ископаемых, сообщила 15 ноября «Роснефть». Запасы месторождения оцениваются в 384 млрд куб. м газа. Оно было открыто в результате бурения поисковой скважины № 1 на Верхнекубинском участке недр, лицензией на который владеет «Ермак нефтегаз». Читать далее...
Алекперов Усомнился, что Нефть в Ближайшее Время Подорожает до $100 за Баррель, Ноябрь 15, 2021: Глава "ЛУКОЙЛа" Вагит Алекперов сомневается в том, что цена на нефть в ближайшее время достигнет $100 за баррель. Такое мнение Алекперов выразил на конференции ADIPEC. При этом он не исключил, что "это может быть краткосрочное изменение". Читать далее...
Минэнерго Спрогнозировало Сроки Переизбытка на Рынке Нефти, Ноябрь 15, 2021: Нефтяной рынок в начале следующего года войдет в состояние профицита предложения на фоне низкого сезонного спроса зимой. Об этом в интервью Bloomberg TV заявил заместитель министра энергетики России Павел Сорокин. Читать далее...
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The U.S.-Russia Chamber of Commerce (USRCC) is a 501(c)(6) not for profit corporation with its headquarters in Houston, Texas, and offices in the Midwest and the Northeast. The USRCC was established in 2009 to promote trade and investment between the Russian Federation and the U.S.A.  
The information contained in this newsletter is provided for general information purposes only and does not constitute legal or other professional advice on any subject matter. USRCC does not accept any responsibility for any loss that may arise from reliance on information contained in this newsletter. The views and opinions expressed in this publication are those of the authors. They do not reflect the opinions or views of the USRCC or its members. Links within this newsletter lead to other websites, including those operated and maintained by third parties. The linked sites are not part of the USRCC newsletter. USRCC includes these links solely as a convenience to the newsletter subscribers, and the presence of such links does not imply a responsibility for the linked site and its operator. USRCC cannot certify the accuracy of the material provided by the original source.

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